AAEON Technology Correlations

6579 Stock   122.50  2.50  2.08%   
The current 90-days correlation between AAEON Technology and Getac Technology Corp is 0.29 (i.e., Modest diversification). The correlation of AAEON Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

AAEON Technology Correlation With Market

Average diversification

The correlation between AAEON Technology and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAEON Technology and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to AAEON Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AAEON Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AAEON Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AAEON Technology to buy it.

Moving together with AAEON Stock

  0.915289 InnoDiskPairCorr
  0.916756 VIA LabsPairCorr
  0.692331 Elitegroup ComputerPairCorr
  0.74961 Fitipower IntegratedPairCorr
  0.776488 GlobalWafersPairCorr

Moving against AAEON Stock

  0.823552 Tung Thih ElectronicPairCorr
  0.696763 Green World Fintech SplitPairCorr
  0.636669 Wiwynn CorpPairCorr
  0.572382 Quanta ComputerPairCorr
  0.490050 YuantaP shares TaiwanPairCorr
  0.450057 Fubon MSCI TaiwanPairCorr
  0.360053 YuantaP shares TaiwanPairCorr
  0.336533 Andes Technology CorpPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
66692382
23313022
30052382
23313005
30226669
30056669
  
High negative correlations   
23316669
23312382
30223005

Risk-Adjusted Indicators

There is a big difference between AAEON Stock performing well and AAEON Technology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze AAEON Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in AAEON Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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AAEON Technology Corporate Management

Elected by the shareholders, the AAEON Technology's board of directors comprises two types of representatives: AAEON Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AAEON. The board's role is to monitor AAEON Technology's management team and ensure that shareholders' interests are well served. AAEON Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AAEON Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
JenChun WangAccounting OfficerProfile
ChienHung LinPres MangProfile
WanHui ChiuProject AuditorProfile
YingChen LiRepresentative CSOProfile
MingHan HsiehPres OfficerProfile